“A use-value, or useful article, therefore, has value only because abstract human labour is objectified or materialized in it. How, then, is the magnitude of value to be measured? By means of the quantity of the "value-forming substance", the labour, contained in the article. This quantity is measured by its duration, and the labour-time is itself measured on the particular scale of hours, days etc.”
Quote by Karl Marx
Work
Capital: A Critique of Political Economy, Volume 1
Browse quotes and source details for this work. more
Author
You May Also Like
Source: Capital: A Critique of Political Economy, Volume 1
Source: Sybil: The Classic True Story of a Woman Possessed by Sixteen Personalities
Source: Selling with EASE: The Four Step Sales Cycle Found in Every Successful Business Transaction
“As exchange-values, all commodities are merely definite quantities of congealed labour-time.”
Source: Capital: A Critique of Political Economy, Volume 1
“We all need salespeople who deliver value that wasn’t there before they arrived.”
Source: Selling with EASE: The Four Step Sales Cycle Found in Every Successful Business Transaction
Source: Selling with EASE: The Four Step Sales Cycle Found in Every Successful Business Transaction
Source: Selling with EASE: The Four Step Sales Cycle Found in Every Successful Business Transaction
